Wealth

Things don’t look great for the journalism business. Tech has changed the news business as many wonder what lies ahead for the industry. The internet upended the old advertising and distribution models. Meanwhile, the whole idea of a strong press as a check on the powerful? That’s up in the air, too. Pulitzer Prize winning

January has gotten off to a strong start for the stock market, and the last day of trading this week contributed to renewed market optimism with headlines that the U.S. and China are moving closer to resolving their trade differences. The Dow Jones Industrial Average finished with a gain of 336 points on Friday and

Oxfam has urged governments to hike tax rates for corporations and the world’s richest to tackle the growing global wealth gap. In a report published Monday, the charity revealed that billionaire fortunes rose by $2.5 billion per day in 2018, increasing 12 percent for the year as the poorest half of the world saw its

Spending on watches, jewelry, boats and other luxury goods could tumble because of the recent stock market jitters, according an analysis from Goldman Sachs. Declines in stock prices since their peak last September could reduce luxury spending by wealthy spenders and shave a half a percent from the gross domestic product in 2019, according to

In the wake of Nike’s 30th anniversary of the “Just Do It” campaign, the company just did it. The major retailer featured former NFL quarterback Colin Kaepernick in its ad campaign with the message: “Believe in something. Even if it means sacrificing everything.” Has the Kaepernick gamble paid off? Plus, Facebook’s Sheryl Sandberg and Twitter’s

The presidency of Donald Trump has indirectly helped the real estate market in South Florida, Miami property magnate Gil Dezer told CNBC on Thursday. Dezer, who runs his billionaire family’s real estate empire, said prices of his firm’s Trump-branded properties in Florida have been pumped up by the president’s popularity there. “We shouldn’t forget that

Chinese foreign direct investment into the U.S. plummeted for a second year in a row, according to new data. In 2018, Chinese FDI in the United States fell to just $4.8 billion — a massive decline from $29 billion in 2017 and $46 billion in 2016, according to independent researcher the Rhodium Group. The 2018

The Consumer Electronics Show — CES — is how tech starts the year. It’s a massive event in Las Vegas with halls full of booths, wall-to-wall people and companies competing to convince the world that they own the future. Jon Fortt and Julia Boorstin were there for CNBC, interviewing executives, taking in the news and

The rich – they’re just like us, right? Well, not exactly. If you analyze the habits of wealthy people, some trends begin to emerge. First, they don’t follow the pack — whether it’s a fad investment or panicking during a market sell-off, according to Tom Corley, an author who has studied self-made millionaires. Second, they

Jeff Bezos‘ divorce could become the most expensive in history — exactly what he pays out will depend on the complexities of marital law and the value of Amazon. Bezos announced in a tweet Wednesday that he and his wife of 25 years, MacKenzie, have “decided to divorce.” His tweet suggested that it will be

In a clear pitch to millennials, Mercedes has loaded its second-generation CLA coupe unveiled at the Consumer Electronics Show in Las Vegas this week with new digital technology, including the its first semi-autonomous driving system. With a starting price tag at under $30,000, the CLA’s launch in 2013 brought in a wave of young, first-time

An ancient Egyptian artefact has been returned after being illegally smuggled out of the country and displayed in an unnamed London auction house. In a statement on Tuesday, Egypt’s Ministry of Antiquities confirmed that the relic — a tablet carved with the cartouche of King Amenhotep I — had been recovered, after the ministry scoured

Tech continues to change the way we consume and interact with sports. Viewers are now able to watch through more multiple platforms and screens, players are able to connect better with fans through social media and television networks fight for the rights to broadcast these games. All of this as sports gambling in a few

Before he boarded a JetSmarter flight in Las Vegas, Maurice Paola was a little-known DJ and music producer. Now, he’s a symbol of private jet air rage and screening procedures at the flying service start-up. Paola was one of several passengers on the flight headed to White Plains, New York, on Sept. 3. About 45

Many people who apply for college financial aid are forced to go through an audit-like process in which they must prove that the information they provided is accurate. Each year, nearly a third of students who will out the Free Application for Federal Student Aid, or FAFSA, are selected for so-called verification, according to the

Free speech is getting exhausting. It’s a game of online publishing whack-a-mole. Alex Jones of Infowars fame finally got suspended from Twitter, only to direct his audience to Tumblr. How should those of us who still love America feel about the amount of crazy that’s going on in the media game these days? MoviePass is

The economy’s supposed to be really good, if you look at the official numbers. According to the U.S. Labor Department, the unemployment rate was under 4 percent in July, which is a level that is often used to describe “full employment.” Everybody who wants a job has one. Except … not really. The system isn’t

Last spring, Leonardo Galvez got an offer from JetSmarter that seemed too good to pass up. The private jet start-up was offering Galvez its top-of-the-line “sophisticated membership,” which included unlimited, free private jet flights and the chance to bring a guest. The membership usually costs $50,000 a year, but JetSmarter told Galvez that if he

SiriusXM, the satellite radio giant, announced a plan to buy Pandora, the streaming music pioneer. What does it mean for the future of content and subscriptions online? Also, a big week in cloud computing: Jon Fortt travels to Orlando and sits down for a major triple-play interview with the CEOs of Microsoft, Adobe and SAP.

If you have a choice, should you go after a clearly defined job in an established company, or take a risk and join a startup? In this week’s episode, Jon Fortt sits down with a couple of top-flight venture capital investors, as well as some students and recent graduates to discuss the Silicon Valley job

Not many people are getting a cloud for Christmas. But … chances are a lot of the stuff you do get is going to require that you buy online storage sometime down the line. You’ve got to back up those holiday photos and videos eventually, in case your hard drive fails or your phone gets

Wellness, fitness, nutrition – all of it is getting a makeover in this age of mobile tech. Now you can book doctor appointments on an app, get your blood drawn and the results back in 20 minutes. You can give your doctor access to your genetic code and get truly personalized service. Your stationary bike

Sometimes Plan A doesn’t work out. You’ve got to be ready to improvise. That’s one of the themes in Bastian Lehman’s story. He had a different career path in mind, but ended up settling for entrepreneurship. So far it’s going pretty well. He’s the cofounder and CEO of Postmates, a delivery startup that’s part of

Someone in New York is kicking off the new year a whole lot richer. A single ticket sold on Long Island in the town of Glen Head matched all six numbers in Mega Millions’ Tuesday night drawing, nabbing the $425 million jackpot. Of course, the winner won’t actually end up with the advertised amount, thanks

Manhattan real-estate suffered its worst year since the housing crash of 2009, as tax changes, stock-market turmoil and jittery foreign buyers hurt sales in 2018. Home sales in Manhattan fell 14 percent last year, the industry’s steepest drop since 2009, according to a report from Manhattan real estate companies Douglas Elliman and Miller Samuel. In

An art gallery in Florence, Italy, has pleaded for Germany to return a “masterpiece” that was looted by Nazi soldiers in 1944. Still life artwork “Vase of Flowers,” painted by 18th century Dutch artist Jan van Huysum, was stolen from Florence by German troops during the Second World War. Eike Schmidt, director of the city’s

If there’s a jackpot winner in the next Mega Millions drawing, someone is going to have a very, very happy New Year. The top prize has climbed to $415 million for Tuesday night’s drawing. The last time someone hit the jackpot was Oct. 23, when a single ticket sold in South Carolina nabbed a whopping

As 2018 draws to a close, a panel of journalists met for an episode of “Fortt Knox” to look back at some of the defining controversies of the year. Digital data became a flashpoint as more people considered the implications of smartphone apps that literally track our every move. Digital fun came into question as

For all the Mega Millions players whose dreams of a Christmas Day windfall didn’t come true, the good news is that you get a chance to win an even bigger jackpot in the next drawing. The bad news? You likely won’t win. “The sheer number of possible ticket combinations makes it improbable,” said Kenneth Ryan,

It’s the most expensive purchase many of us even consider: A place to live. As we head into 2019, a complicated landscape in real estate has emerged. For a decade in a rebounding U.S. economy amid cheap loans, home prices have marched steadily higher. When the market bottomed in February 2009, the median sale price